AFTERNOON RAMP

Markets are off to the races on the heels of the Chris Dodd comments, well not exactly but the financials are certaintly getting a bid off his remarks and the IAI seems to be winning the race as I type. NDX the best performing major index as AAPL AMZN GOOG RIMM all act great.

CME GS MER MS BSC all up nicely and leading the brokers while C JPM MA MI MTB USB WFC all also good;

Other strong sectors include airlines, internets, gaming, banks, retail and utilities. Oils lagging on the heels of sub $70 crude.

Market internals 900 net green on the NYSE and 410 net green on the NAZ.

OEX:

70 up 30 down;

WINNERS- EMC COF ATI EK XRX HD GS CCU AA GOOG MER.

LOSERS- BHI DELL SLB AVP AMGN UTX COP AES PG XOM BNI WMB.

NDX:

66 up and 34 down;

WINNERS- UAUA GRMN AAPL NVDA WYNN PDCO RIMM AMZN ISRG COST VRSN.

LOSERS- INFY MNST SPLS PTEN LOGI CTSH VMED EXPD BRCM ADSK QCOM ADSK.

IBD 100:

60 up and 40 down.

WINNERS- TBSI GRMN EMC ZUMZ AAPL UA EXM SNDA NVDA RIMM.

LOSERS- FSTR CNH FTI ARD HURN ANDE RADS FLIR DRC NE MORN SLB.

So is the buy the dip trade back in play or will the market run into more bad news which will disappoint investor and lead to another test of the recent lows? No idea and neither does any one else but for now looking good and if the rate cut comes the markets could be much higher quickly.